Xarch 27, 19Z9
Ronorable %. E. Coons
County Attorney
Shermn County
Stratford, Texas
Dear Sir:
Opinion X0. O-542
Re: Whether stamp required on
mortgage given to secure
extension of accrued interest
on note secured by deed of
trust theretofore recorded.
?!e are in receipt of your letter requesting our opinion
as to whether tax stamps must be placed upon a rsortgage given in
renewal and extension of accrued interest on a note which itself
is secured (principal and interest) by deed of trust which has
been heretofore recorded.
rirticle 7047e (a), Revised Civil Stktutes, after provid-
ing for a tax of lO# on each ;130.00, over the first $200.00, se-
cured by rmmtgages, etc., then contains the following exception:
*.....and providing further that the provisions
of this Section shall not apply to renewals or ex-
tensions of any notes or obligations, and specifi-
oally shell not aDply to refunding of existing
bonds or oblISations.....W
The interest provided in the original hcte was as such
a part of the tote or obligation as the principal indebtedness.
The note v;ith which we are here concerned being in “renewal and
extension* of such interest obligation, falls squarely within the
exception. The rortgage which you describe to us is not re,luired
to bear stamps to be filed ocd recorded.
3lenn R. iev:is
GRL:N Assistant
A=FRCVED: